Explor Resources Inc.: $63,000 Private Placement Closes April 3, 2006
12:27 EDT Wednesday, April 05, 2006
LA RONGE, SASKATCHEWAN--(CCNMatthews - April 5, 2006) - Explor Resources Inc. (TSX VENTURE:EXS):
The Corporation is pleased to announce the closing of a private placement of 300,000 common units for a total of $63,000. Each unit comprises one common share at $0.21 per share and one common share purchase warrant at $0.28 exercisable within 2 years. The funds will be used for exploration purposes and general working capital.
One placee has subscribed for all of the units. All securities issued will have a 4 month hold period expiring on August 4, 2006.
On behalf of the Board Randy Studer. Vice-President
FOR FURTHER INFORMATION PLEASE CONTACT:
Explor Resources Inc. Randy Studer Vice-President (306) 425-3350 (306) 425-2535 (FAX)
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.
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